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Answer will be B. For explanation, refer voice note above. All the best πŸ˜ŠπŸ‘πŸ‘

Ram started business on 1.4.20 with capital of 5L. He incurred loss of 1 L during PY 2020-21. His wife gifted 4 L on 1.4.21, which was immediately invested. He earned profit of 2 L during PY 2021-22. What is the amount to be clubbed in wife's hand?
Anonymous voting

Answer will be C dear. Plz refer above voice note for explanation 😊😊

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If goods is owned by Seller and Inventory is managed by E-commerce vendor like Amazon, which model of E-commerce is this?
Anonymous voting

Dear, this is not a case of compulsory acquisition by Govt. However, post 2013, all major land acquisitions for public good purpose are done under RFCTLARR Act (discussed in Capital Gains chapter) which exempts the compensation. Hence, it will be exemptπŸ˜ŠπŸ‘

A person's land was acquired for bullet train project by Govt. entity. What will be the taxability of compensation in hands of Assessee?
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Day 3, 4, 5 Targets πŸ”₯ English discussion πŸ‘†

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πŸ“₯ Daily Targets for Day 3, 4 & 5 https://youtu.be/G_nOo9bRsZs β†ͺ️ Please do watch and share. We want to reach out maximum students. β†ͺ️ We will upload english explanation soon in telegram. πŸ™ Stay tuned @CAInter_DailyTargets Thank you

πŸ“£ Official Cancellation Announcement May'20 CA Exams by ICAI πŸ”°Official Link : https://www.icai.org/post/important-announcem
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Refer case above
Anonymous voting

#CASE STUDY 20 πŸ”ΈCHARTERED GURUπŸ”Έ πŸ”ΈCase study SeriesπŸ”Έ πŸ‘‰M/s X Limited was formed as a private company πŸ‘‰It’s shareholders include πŸ‘‰165 single holders πŸ‘‰30 Couples holding shares jointly (totalling to 60 persons) πŸ‘‰100 Employees who have been allotted shares of the company during their employment (out of which 60 employees have left the job with this company but they are still members (shareholders) of the company) πŸ‘‰Has the company exceeded limit of 200 members and if yes should it register as a public company ?

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